Real estate in Nanguneri
The much hyped SEZ project at Nanguneri.Dream of former Central minister Murasoli Maran.I am just attaching the news article published by a leading Business daily in 2004.
Nov:23,2004
"A BHOOMI PUJA was performed on Monday at the proposed site for industrial estate at Nanguneri in Tirunelveli district.
According to the site engineer, Mr V. Muthukrishnan of the US-based project partner, Advanced Technology Manufacturing and Assembly City Ltd, substantial funds has been allotted to start work.
The project has been promoted by the Tamil Nadu Industrial Development Corporation, for which foundation stone was laid in 2001.
After the completion of the preliminary works, construction works are expected to start from December-end this year and the project may become functional by 2008.
The project would come up on an area of about 2,093 acres between Nanguneri and Vallioor, near Tirunelveli
It will involve an investment of Rs 700 crore on provision of basic infrastructure as per actual proposal. Non-polluting less water-intensive and hi-tech industries dealing with electronics, telecom, computer hardware, entertainment electronics etc are to be set up.
The new investment in the hi-tech park is expected to be around Rs 6,000 crore, providing employment opportunities for 1,10,000 persons.
To be developed as a Special Economic Zone (SEZ), it will offer attractive tax concessions, the sources said.".
As per the above news the project would have completed atleast 50%.But believe it or not the project has still not moved an inch after the Boomi puja
Some of the real estate developments happening in the adjoining areas.See the photos
Nov:23,2004
"A BHOOMI PUJA was performed on Monday at the proposed site for industrial estate at Nanguneri in Tirunelveli district.
According to the site engineer, Mr V. Muthukrishnan of the US-based project partner, Advanced Technology Manufacturing and Assembly City Ltd, substantial funds has been allotted to start work.
The project has been promoted by the Tamil Nadu Industrial Development Corporation, for which foundation stone was laid in 2001.
After the completion of the preliminary works, construction works are expected to start from December-end this year and the project may become functional by 2008.
The project would come up on an area of about 2,093 acres between Nanguneri and Vallioor, near Tirunelveli
It will involve an investment of Rs 700 crore on provision of basic infrastructure as per actual proposal. Non-polluting less water-intensive and hi-tech industries dealing with electronics, telecom, computer hardware, entertainment electronics etc are to be set up.
The new investment in the hi-tech park is expected to be around Rs 6,000 crore, providing employment opportunities for 1,10,000 persons.
To be developed as a Special Economic Zone (SEZ), it will offer attractive tax concessions, the sources said.".
As per the above news the project would have completed atleast 50%.But believe it or not the project has still not moved an inch after the Boomi puja
Some of the real estate developments happening in the adjoining areas.See the photos
posted by M SUBBU at
2:11 PM
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